Source One Management Services

What Source One Management Services does

Source One Management Services, operating commercially as Corcentric, Inc., is a B2B commerce and financial process automation company founded in 1996 (originally as AmeriQuest) and headquartered in Cherry Hill, New Jersey. The company sells a unified platform spanning Source-to-Pay and Order-to-Cash (E-Invoice Presentment and Payment, Accounts Receivable Automation), supplemented by a Fleet Solutions business unit covering procurement/GPO, financing, analytics, and remarketing, and an Indirect GPO service. The platform processes more than $112 billion in annual transaction volume across 24 million+ transactions, connecting 1.5 million+ engaged buyers and 900,000+ engaged suppliers through the Corcentric Business Network and serves 2,000+ customers.

The underlying technology includes AI-powered Intelligent Applications, specifically the Gopher Intelligent Assistant for conversational interaction and Intelligent AP Automation for touchless invoice processing, alongside the StopFraud payment protection feature. Revenue is generated across five streams: software subscriptions (AP, AR, procurement, CLM), managed services (AP, AR, sourcing, procurement, payments), fleet solutions (procurement fees, financing spread, service fees), strategic advisory services, and indirect GPO transaction fees. Pricing is quote-based and tiered by enterprise versus mid-market deployment, with annual subscription billing for software and multi-year contracts for managed services.

The go-to-market combines direct enterprise field sales for large organizations with inside sales for mid-market accounts, supported by channel partnerships in fleet (VIPAR Heavy Duty, FleetPride, Daimler Truck North America, PACCAR, Michelin, Goodyear, Continental) and technology integrations (PayNet, StopFraud). Customer concentration is heaviest in Fleet & Transportation and Manufacturing & Distribution, with secondary verticals in Healthcare & Pharmaceutical and Food & Beverage. The company is privately held, founder/family-controlled (Doug Clark as Executive Chairman and Founder; Matt Clark as CEO and President since 2018), and has been named nine times to the Inc. 5000 List of America's Fastest-Growing Private Companies.

Name

Source One Management Services

Legal name

Corcentric, Inc.

Website

https://sourceoneinc.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

101–250 employees

Short description

Source One Management Services (Corcentric) provides a unified B2B commerce platform spanning Source-to-Pay, Order-to-Cash, AI-powered AP automation, and fleet procurement/GPO solutions, serving 2,000+ enterprise and mid-market customers across North America with managed services and strategic advisory.

Ownership category

akta.pro rank

Product category

B2B Commerce & Procurement Software

NAICS

Activities Related to Credit Intermediation (5223), Other Activities Related to Credit Intermediation (522390)

SIC

Services-Management Consulting Services (8742)

akta.pro primary industry

Procurement, Vendor Management & Purchase-to-Pay (P2P) (FSAGAJAK)

akta.pro secondary industries

Invoicing, Billing & Accounts Receivable Automation (FSAGAJAC), Spend Analytics & Reporting Support (BPAAAJAJ), Office Supplies, IT & Workplace Procurement Marketplaces (CRAFAHAF)

Keywords

• B2B commerce platform
• Accounts payable automation
• Source-to-pay software
• Fleet procurement solutions
• Managed procurement services

Headquarters

HQ city

Willow Grove

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Subscriptions (AP, AR, Procurement, CLM): SaaS-based software licensing for source-to-pay, order-to-cash, AP automation, AR automation, and contract lifecycle management. Revenue derived from platform subscriptions that integrate and automate procurement, AP, AR, and payment processes.
2. Managed Services: Managed services for accounts payable, accounts receivable, sourcing, procurement, and payments. Bolsters in-house teams and provides technology/process efficiency. Revenue generated through service fees, typically bundled with software or sold as standalone managed service engagements.
3. Fleet Solutions: Fleet procurement/GPO, fleet financing, fleet analytics, fleet remarketing, and fleet supplier management. Revenue includes procurement fees, financing spread, and service fees across the fleet commercial vehicle ecosystem.
4. Strategic Advisory Services: Strategic advisory, procurement advisory, finance advisory, digital transformation, and strategic sourcing services. Revenue generated through consulting and advisory engagement fees.
5. Indirect GPO: Group purchasing organization services for indirect spending, providing aggregated buying power for customers across various spend categories.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

Source One Management Services, as operationally linked to Corcentric in the source material, provides an AI-powered B2B commerce platform spanning source-to-pay, order-to-cash, and fleet solutions, augmented by managed services (accounts payable, accounts receivable, sourcing, procurement, and payments) and strategic advisory. The Corcentric Business Network connects more than 1.5 million buyers with 900,000 suppliers, enabling enterprises to digitize procurement, automate invoice workflows, capture supplier early-pay discounts, finance commercial fleet spend, and access GPO-driven indirect spend leverage across manufacturing, distribution, healthcare, pharmaceutical, and food & beverage industries.

Product overview

Corcentric offers a unified B2B commerce platform combining technology, managed services, and advisory expertise. The core portfolio consists of Source-to-Pay solutions, Order-to-Cash solutions (E-Invoice Presentment and Payment and Accounts Receivable Automation), and Fleet Solutions (Procurement/GPO, Financing, Analytics, and Remarketing). The platform integrates AI-powered Intelligent Applications including Intelligent AP Automation and the Gopher Intelligent Assistant for touchless processing. Corcentric pairs its software platform with Managed Services covering AR, AP, Sourcing, Procurement, and Payments, supplemented by Strategic Advisory Services for digital transformation. The company has processed over $112 billion in annual transaction volume across 24 million+ annual transactions with 1.5 million+ buyers and 900,000+ suppliers on its network.

Differentiator

Problem solved

Functional benefit

Products and services

• Source-to-Contract
• Procure-to-Pay
• Accounts Payable Automation
• Payments
• E-Invoice Presentment and Payment
• Accounts Receivable Automation
• Corcentric Business Network
• Fleet Solutions
• Fleet Procurement / Fleet GPO
• Fleet Financing
• Fleet Analytics
• Fleet Remarketing
• Indirect GPO
• Strategic Advisory Services
• Managed Accounts Payable
• Managed Accounts Receivable
• Managed Sourcing
• Managed Procurement
• Managed Payments

Quantifiable outcome

• Over $112 billion in annual B2B transaction volume facilitated
• +4 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature7 records

Partnerships

25 partnerships are on record, tiered core and minor.

• PayNetcoreTechnology or IntegrationPayNet is integrated as a core payments technology within Corcentric's source-to-pay payments suite, enabling electronic payment processing and disbursement capabilities for AP automation and procurement workflows.
• StopFraudcoreTechnology or IntegrationStopFraud is embedded within Corcentric's payments solutions to provide fraud prevention and protection for B2B transactions processed through the platform, reducing fraud risk for finance teams.
• VIPAR Heavy DutycoreChannel Partner/ Reseller/ DistributorVIPAR Heavy Duty is North America's leading network of independent aftermarket truck parts distributors, serving customers from nearly 700 locations across the US, Canada, Puerto Rico, and Mexico. A member of NEXUS North America and NEXUS Automotive International, VIPAR distributes Corcentric's fleet procurement and GPO solutions through its extensive distribution network.
• Yokohama Tire CorporationcoreChannel Partner/ Reseller/ DistributorYokohama Tire Corporation is the North American manufacturing and marketing arm of Tokyo-based The Yokohama Rubber Co., Ltd. The company is a leading fleet supplier and a customer of Corcentric's fleet procurement and GPO solutions.
• The Wurth GroupminorChannel Partner/ Reseller/ DistributorThe Wurth Group is a global leader in fastening and assembly materials operating in 80 countries with over 400 companies and 2,800 branch offices. The company is a fleet and MRO supplier partner in Corcentric's ecosystem.
• PACCARcoreChannel Partner/ Reseller/ DistributorPACCAR is a global technology leader in design, manufacture, and customer support of premium light-, medium-, and heavy-duty trucks under the Kenworth, Peterbilt, and DAF nameplates. PACCAR also provides financial services and distributes truck parts. The company is a fleet solutions partner in Corcentric's ecosystem.
• Lawson ProductsminorChannel Partner/ Reseller/ DistributorLawson Products (NASDAQ:LAWS) is an industrial distributor of maintenance and repair supplies serving operations across the US. A fleet/MRO supplier in Corcentric's ecosystem.
• FruehaufminorChannel Partner/ Reseller/ DistributorFruehauf is a leading manufacturer of semi-trailers and dry vans, with a 125,000 sq. ft. manufacturing plant in Bowling Green, KY opened in 2022. A fleet equipment supplier in Corcentric's ecosystem.
• Kimball MidwestminorChannel Partner/ Reseller/ DistributorKimball Midwest is an industrial distributor of maintenance and repair supplies with 100 years of operation across the US. A fleet/MRO supplier partner in Corcentric's ecosystem.
• MSC Industrial Supply Co.minorChannel Partner/ Reseller/ DistributorMSC Industrial Supply Co. is a leading North American distributor of metalworking and MRO products and services, with approximately 2.5 million products and over 7,000 associates. A major MRO supplier in Corcentric's fleet and procurement ecosystem.
• Interstate BatteriesminorChannel Partner/ Reseller/ DistributorInterstate Batteries is a leading provider of automotive and commercial vehicle batteries, with a distributor network of 300 wholesale warehouses, 150,000+ dealers, and 200 All Battery Center franchise stores globally. A battery supplier partner in Corcentric's fleet ecosystem.
• ContinentalcoreChannel Partner/ Reseller/ DistributorContinental is one of the world's largest and oldest tire manufacturers, operating in 54 countries. The company is a leading fleet tire supplier and technology partner in Corcentric's fleet solutions ecosystem.
• ValvolineminorChannel Partner/ Reseller/ DistributorValvoline Global Operations is a worldwide leader in automotive and industrial solutions with over 150 years of history and presence in more than 80,000 locations across 140+ countries. Now powered by Aramco. A lubricants supplier partner in Corcentric's fleet ecosystem.
• GoodyearcoreChannel Partner/ Reseller/ DistributorGoodyear is one of the world's largest tire companies delivering superior products and trusted service for commercial trucks, retreads, and technologies. A leading fleet tire supplier partner in Corcentric's fleet procurement ecosystem.
• NationaLeaseminorChannel Partner/ Reseller/ DistributorNationaLease is one of the largest full-service truck lease organizations in North America, comprising over 105 independent businesses and 1,100 locations in the US and Canada. A fleet leasing and management partner in Corcentric's ecosystem.
• MichelincoreChannel Partner/ Reseller/ DistributorMichelin is a world-leading manufacturer of life-changing composites and experiences, pioneering materials science over 130+ years. A premier fleet tire supplier partner in Corcentric's fleet solutions ecosystem.
• Cummins-MeritorcoreChannel Partner/ Reseller/ DistributorCummins-Meritor, a segment of Cummins Inc., provides industry-leading axles, brakes, suspensions, drivelines, and aftermarket parts for commercial vehicle and industrial markets. A key components supplier partner in Corcentric's fleet ecosystem.
• FleetPridecoreChannel Partner/ Reseller/ DistributorFleetPride is the largest independent heavy duty distributor in the nation with 300+ locations across 46 states and 4,000+ associates. THE largest independent heavy duty distributor. A key channel partner distributing Corcentric's fleet procurement and GPO solutions.
• EatonminorChannel Partner/ Reseller/ DistributorEaton is an intelligent power management company dedicated to improving quality of life and protecting the environment. A technology and components supplier partner in Corcentric's fleet and industrial ecosystem.
• Daimler Truck North AmericacoreChannel Partner/ Reseller/ DistributorDaimler Truck North America LLC designs, engineers, manufactures, and markets medium- and heavy-duty trucks, school buses, and vehicle components under Freightliner, Western Star, Thomas Built Buses, Detroit, and Daimler Truck Financial Services brands. A major truck OEM partner in Corcentric's fleet ecosystem.
• Baldwin FiltersminorChannel Partner/ Reseller/ DistributorBaldwin Filters, a brand of Parker Engine Mobile Aftermarket Division (EMAM), is a global provider of filtration products and services for engines and mobile equipment. A supplier partner in Corcentric's fleet MRO ecosystem.
• Imperial (Green Bay, WI)minorChannel Partner/ Reseller/ DistributorImperial is committed to providing quality maintenance supplies to keep fleets moving, headquartered in Green Bay, WI with 60+ years of MRO expertise. Uses a Customer Managed Inventory (CMI) model. A maintenance supplies partner in Corcentric's fleet ecosystem.
• NEXUS North America / NEXUS Automotive InternationalcoreStrategic or Co-development PartnerVIPAR Heavy Duty is a member of NEXUS North America and NEXUS Automotive International, worldwide groups of parts distributors committed to bringing a global approach to the automotive and commercial vehicle aftermarket industries. Through VIPAR Heavy Duty's membership, Corcentric benefits from global aftermarket parts distribution intelligence and network reach.
• Global Parts Network, LLCminorChannel Partner/ Reseller/ DistributorGlobal Parts Network, LLC is a wholly owned subsidiary of VIPAR Heavy Duty Family of Companies. A commercial vehicle aftermarket parts distributor in the VIPAR network, extending Corcentric's fleet distribution reach.
• Power Heavy Duty LLCminorChannel Partner/ Reseller/ DistributorPower Heavy Duty LLC is a wholly owned subsidiary of VIPAR Heavy Duty Family of Companies. A commercial vehicle aftermarket parts distributor in the VIPAR network, extending Corcentric's fleet distribution reach.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Bill.com: Bill.com provides AI-powered AP automation, AR automation, and B2B payments for SMB and mid-market — directly overlapping Corcentric's core Intelligent AP, payments, and supplier onboarding capabilities. Both target finance teams seeking touchless invoice and payment workflows.
• Tipalti: Tipalti offers AP automation, global payments, supplier onboarding, and procurement for mid-market and digital-first companies. Its AP + payments + supplier management stack overlaps meaningfully with Corcentric's intelligent AP, PayNet, and managed services.
• AvidXchange: AvidXchange specializes in AP automation and B2B payments for mid-market, particularly in real estate, construction, and HOA verticals. Its AP automation and payment network overlap directly with Corcentric's Intelligent AP and Payments offerings.
• Basware: Basware provides AP automation, e-invoicing, and procurement solutions primarily in Europe with growing North American presence. It competes in the same Source-to-Pay and e-invoice presentment and payment category as Corcentric.

Emerging players

• Ramp: Ramp delivers AI-driven corporate cards, AP automation, and procurement for SMB and mid-market. While focused on card-led spend, its expanding AP/procurement ambitions increasingly overlap with Corcentric's source-to-pay offering.
• Fleetio: Fleetio offers fleet management software including maintenance, fuel, and parts procurement for SMB and mid-market fleets. While more software-focused and less GPO-driven, it overlaps with Corcentric's Fleet Solutions analytics and procurement offerings.
• Stampli: Stampli provides AI-powered AP automation with collaborative invoice management, primarily for mid-market. It is a niche competitor in the Intelligent AP category where Corcentric's Gopher Assistant and Intelligent AP compete.

Broad incumbents

• Workday: Workday provides enterprise cloud applications including procurement, financials, and supplier management. Its procurement and financial management modules compete with Corcentric for large enterprise finance and procurement deals, especially in HR-adjacent spend.
• Coupa Software: Coupa offers a broad Business Spend Management platform covering procurement, AP, invoicing, and supplier management across enterprise. It competes head-to-head with Corcentric's source-to-pay and procurement suite but at much larger scale and with deeper ERP integrations.
• SAP Ariba: SAP Ariba is the dominant incumbent in source-to-contract, procurement, and supplier network. Its installed base and global reach compete directly with Corcentric's Source-to-Contract and Corcentric Business Network for mid-market and enterprise RFPs.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/getsavings
• Facebookfacebook.com/getsavings
• LinkedInlinkedin.com/company/source-one-management-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Source One Management Services